Investors are seeking at least $5.75 billion from J.P. Morgan Chase & Co. in a bid to recover losses from mortgage-backed securities sold to them before the financial crisis, said people familiar with the talks.

The group, which includes asset managers BlackRock Inc. and Neuberger Berman Group LLC, previously received an $8.5 billion settlement from Bank of America Corp. on similar claims.

The two sides have had on-and-off...

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Investors are seeking at least $5.75 billion from J.P. Morgan in a bid to recover losses from mortgage-backed securities sold to them before the financial crisis, according to people familiar with the talks. David Reilly reports. Photo: Getty Images.